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The short version TRUTH about FDR and the Great Depression: [View All]

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Political Heretic Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 01:01 PM
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The short version TRUTH about FDR and the Great Depression:
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Edited on Tue Feb-10-09 01:01 PM by Political Heretic
1. FDRs immediately enacted policies (upon coming to office) - cut unemployment by double digits, and provided relief to countless people, however it did not on its own shake the economy out of depression. The Jobs portion of early plans worked extremely well, some plans for broader economic stimulus did not work.

2. FDRs second "new deal" including SSA 1935, combined with the stop of massive unemployment previously, worked. It worked. The economy stopped shrinking and recovery began.

3. WWII, insofar as it functioned as a massive job creation and government spending program - sped up a recovery that you can historically prove, with actual data, was already underway.

So:

1. FDR's policies stopped a worsening depression and began a recovery.
2. Government spending of WWII helped speed that recovery.

Done.
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